The Company is currently developing a seven-storey extension to Maxims Hotel, featuring luxury accommodations and an additional 175 suites. The Maxims Hotel extension will be connected to Maxims Hotel by a footbridge and will be located next to the Hilton Manila and Sheraton Hotel Manila hotels, which are also currently under development. Excavation at the site began in May 2013 and construction on the extension began in March 2014, with completion expected by the fourth quarter of 2017.